Printer Friendly

CHICAGO MILWAUKEE CORP. REPORTS 1993 FIRST QUARTER OPERATING RESULTS

 CHICAGO, May 12 /PRNewswire/ -- Chicago Milwaukee Corp. (NYSE: CHG), a closed-end, non-diversified, management investment company, today reported results for the quarter ended March 31, 1993.
 Net assets at March 31, 1993, totaled $283.8 million. Net asset value per common share was $153.16 at March 31, 1993, based on 1,671,238 common shares outstanding. This compares to $277.5 million equal to $149.35 per common share at Dec. 31, 1992.
 Net investment income totaled approximately $2.3 million for the first quarter of 1993. This compared to net investment income of $3.6 million for the first quarter of 1992. The decrease was attributable to a decline in investment income due to lower interest rates.
 Net realized gain on sale of investments for the quarter totaled $5.8 million. This compared to $1.8 million for the 1992 first quarter. Net change in unrealized appreciation on investments at March 31, 1993, was a decrease of approximately $1.7 million from Dec. 31, 1992. This compared to a decrease of $6.3 million in the first quarter of 1992.
 CHICAGO MILWAUKEE CORP. & SUBSIDIARY
 Condensed Consolidated Statement of Operations
 Quarters Ended March 31, 1993 and 1992
 March 31, 1993 March 31, 1992
 Investment income $ 3,159,358 $ 4,580,678
 Total expenses 828,091 928,777
 Net investment
 income 2,331,267 3,651,901
 Net realized and
 unrealized gain (loss)
 on investments $ 4,022,283 $(4,446,975)
 Net increase (decrease)
 in net assets
 from operations $ 6,353,550 $ (795,074)
 CHICAGO MILWAUKEE CORP. & SUBSIDIARY
 Condensed Consolidated Statements of Assets and Liabilities
 March 31, 1993 and Dec. 31, 1992
 March 31, 1993 DEC. 31, 1992
 Investments at fair value $293,218,980 $285,249,286
 All other assets 4,282,364 6,189,122
 Total assets 297,501,344 291,438,408
 Total liabilities 13,679,199 13,969,813
 Net assets $283,822,145 $277,468,595
 Net asset value per
 common share $ 153.16 $ 149.35
 Common shares outstanding 1,671,238 1,671,238
 /CONTACT: Laura Havel of Dragonette Inc., 312-565-4300, for Chicago Milwaukee, or Leon Fiorentino of Chicago Milwaukee, 312-822-0400/
 (CHG)


CO: Chicago Milwaukee Corp. ST: Illinois IN: FIN SU: ERN

SB -- NY064 -- 7592 05/12/93 12:47 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1993
Words:376
Previous Article:MARSHALL PROMOTED TO SENIOR VICE PRESIDENT, MULTI-UNIT SALES OF SYSCO CORPORATION
Next Article:AMERICAN CLAIMS EVALUATION, INC. ENTERS INTO LETTER OF INTENT FOR PROPOSED ACQUISITION OF VOCATIONAL REHABILITATION SERVICES COMPANY
Topics:


Related Articles
CHICAGO MILWAUKEE CORPORATION REPORTS 1992 FIRST QUARTER OPERATING RESULTS
CHICAGO MILWAUKEE BOARD APPROVES PLAN TO CONVERT TO OPEN-END INVESTMENT COMPANY
CHICAGO MILWAUKEE CORP. REPORTS 1992 SECOND QUARTER OPERATING RESULTS
HEARTLAND PARTNERS, L.P. REPORTS 1993 FIRST QUARTER OPERATING RESULTS
CHICAGO MILWAUKEE CORPORATION ANNOUNCES EFFECTIVENESS OF CONVERSION TO OPEN-END INVESTMENT COMPANY
CHICAGO MILWAUKEE CORP. REPORTS 1993 THIRD QUARTER OPERATING RESULTS
CHICAGO MILWAUKEE CORP. REPORTS 1993 OPERATING RESULTS
MILWAUKEE LAND COMPANY REPORTS 1993 OPERATING RESULTS
CHICAGO MILWAUKEE CORP. REPORTS 1994 FIRST QUARTER OPERATING RESULTS
CHICAGO MILWAUKEE CORP. REPORTS 1994 SECOND QUARTER OPERATING RESULTS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters